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Only 38% of Employees Believe Companies are Doing Enough on Climate Change, Sustainability: Deloitte Survey
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The proportion of employees who believe that their employers are doing enough to address climate change and sustainability has dropped to around 38% over the past few years, according to a new survey released by global professional services firm Deloitte, which also found that climate and sustainability considerations impact individual’s choices in areas ranging from…
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Watershed, Stanford Take Over Key Emissions Database After EPA Stops Updating it
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Climate solutions provider Watershed announced the launch of “Cornerstone,” a new initiative in partnership with Stanford University’s Stanford Sustainable Solutions Lab, aimed at maintaining and expanding access to key datasets used by companies to measure Scope 3 value chain emissions. Under the new initiative, Cornerstone will act as the hub for open access to the…
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Fortescue Turns to China for $2 Billion Loan to Fund Decarbonization as U.S. “Steps Back” from Green Investments
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Australia-based iron ore mining company Fortescue announced that it has secured a RMB 142. Billion (USD$2 billion) Renminbi denominated (RMB) Syndicated Term Loan Facility, with proceeds to be used to support its decarbonization efforts, as well as for general corporate purposes. The RMB Syndicated Term Loan of its kind by an Australian corporate. In a…
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Standard Chartered Signs Deal to Sell Carbon Credits to Protect Rainforests
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UK-based international banking group Standard Chartered announced today a new agreement with the government of the Brazilian State of Acre, with the bank acting as a seller of forest protection-based carbon credits on behalf of the state over the next five years. Under the terms of the new agreement, Standard Chartered will act as the…
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EBA Instructs Regulators to Hold off on Enforcement of ESG Disclosure Requirements for Banks
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EU banking supervisor The European Banking Authority (EBA) announced the publication of a no action letter, recommending that regulators not prioritize the enforcement of new ESG Pillar 3 disclosure requirements for banks, as it awaits clarity on the outcome of the European Commission’s Omnibus initiative to simplify sustainability reporting and compliance obligations. The no action…